Overview
- The stock extended its rally on Tuesday, jumping as much as 11% intraday to about ₹193.80 after closing near ₹174–175 on Monday.
- Shares have climbed more than 70% since the November 12 debut at ₹100, after opening at a premium of ₹112 on the NSE and ₹114 on the BSE.
- Keshre’s 55.91 crore shares, a 9.06% stake, are valued at roughly ₹9,448 crore, placing his wealth around the $1 billion mark.
- The ₹6,632 crore IPO combined a fresh issue with an offer for sale, with anchor participation from investors such as Abu Dhabi Investment Authority and the Government of Singapore.
- Offer documents state the fresh-issue proceeds target expansion across margin trading, unsecured lending, and wealth management, alongside potential inorganic growth.